Joe Biden, the President of the United States, intends to implement the biggest tax hike in U.S. history is a huge giveaway to China, and several other countries, that will send millions of jobs, thousands of factories, and trillions of dollars to these competitive countries, the former president Donald Trump said. The American President’s plan will crush U.S. workers and destroy the country’s manufacturing while giving special tax rights to foreign, outsourcers, and big multinational corporations.
Further, he adds that Joe Biden promised to build back better the country – but the nation he is building up, specifically, is China and other big segments globally. Under the Democratic presidency, the United States is once again losing the economic war with its rival – and his Ludicrous multi-trillion-dollar tax hike is the worst strategy for total economic surrender. Sacrificing good-paying U.S. jobs is the worst and last thing Americans need as the country recovers from the effects of the Global Coronavirus Pandemic.
The policy of the American president would break the back of the common worker with among the highest business tax rates. Under his plan, if the companies create jobs in America and hire American nationals as employees, you will pay MORE in taxes – but if the administration closes down, the local companies that send American jobs to China shouldn’t be rewarded by the recent Tax Bill, they should be punished so that they retain those jobs in the country.
In case of the Approval of the Recent Legislation, more Americans will Lose Jobs – Trump
The former president said that this legislation would stand among the largest self-inflicted economic wounds in the country’s history. Trump further said that if the representative allowed the plan to approve, more Americans would lose their jobs, more factories, companies abandoned, more industries wrecked, more families shattered, and more Main Streets stayed up and closed down – just the time when Trump took the presidency. The former president then said that he set a record low employment at that time, with around 160 million people working.
The recent tax hike is classic globalist disloyalty by Biden and his administration. Moreover, Trump adds that the lobbyists will win, China will win, the special interest of enemies will win, the government bureaucrats and government will win – but the hardworking families of America will lose. The heartless and harsh attack of Biden on the American Dream must not permit it to become Federal law, the former Republican President concluded.